20 July 2018
Visit www.gemalto.com

MarketAxess signs Decimales to Mexico distribution deal

05 June 2006  |  1732 views  |  0 Source: MarketAxess

MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for U.S. and European high-grade corporate and emerging markets bonds, today announced the signing of a marketing and distribution agreement with Decimales S.A. de C.V. of Mexico City.

Under the agreement, Decimales will market the MarketAxess emerging markets trading platform in Mexico. The agreement covers marketing of the platform to new institutional investor clients in Mexico as well as local client service and support.

"Our partnership with Decimales is an opportunity to extend our technology platform into a new geographic client segment in a burgeoning market," said Richard M. McVey, chairman and chief executive officer of MarketAxess. "Our emerging markets product is a core cylinder of growth for MarketAxess and this agreement reflects our focus on expanding our presence in the region."

MarketAxess' emerging markets platform will offer institutional investors in Mexico:

  • Direct links to 17 leading global emerging market fixed-income dealers
  • Liquidity provided by dealer trading desks in New York, London, Sao Paulo and Mexico City and
  • Access to more than 250 sovereign and corporate emerging market benchmark issues

"With this agreement, Decimales takes a major step forward to expand the range of electronic trading capabilities enjoyed by our clients," said Gerard Ussel, chief executive officer of Decimales. "We are pleased to be increasing the breadth of investment technology we offer to institutional investors in Mexico with the global liquidity available on MarketAxess."

In addition to the emerging markets cash trading platform actively used by 270 MarketAxess clients, MarketAxess is enhancing the firm's emerging markets product lineup with the addition of emerging markets credit default swap indices (CDX-EM) to its credit default swaps (CDS) trading system. The addition of CDX-EM indices extends MarketAxess' position as a leading provider of comprehensive solutions for the derivatives market.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit https://secure.vasco.comVisit info.nice.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12155 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10082 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9765 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9324 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9290 views comments | 9 tweets | 17 linkedin

Featured job

Find your next job